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E-book
Author Combes, Jean-Louis, 1965- issuing body

Title Capital flows, exchange rate flexibility, and the real exchange rate / Jean-Louis Combes, Tidiane Kinda, and Patrick Plane
Published [Washington, D.C.] : International Monetary Fund, [2011]
©2011
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Description 1 online resource (33 pages)
Series IMF working paper ; WP/11/9
IMF working paper ; WP/11/9
Summary This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation. Among private flows, portfolio investment has the highest appreciation effect-almost seven times that of foreign direct investment or bank loans-and private transfers have the lowest effect. Using a de facto measure of exchange rate flexibility, we find that a more flexible exchange rate helps to dampen appreciation of the real exchange rate stemming from capital inflows
Notes At head of title: African Department
Available in PDF, ePUB, and Mobi formats on the Internet
Title from PDF title page (IMF Web site, viewed March 24, 2011)
Bibliography Includes bibliographical references (pages 21-26)
Subject Capital movements -- Econometric models.
Capital movements.
Foreign exchange rates -- Econometric models.
Foreign exchange rates.
Form Electronic book
Author Kinda, Tidiane, issuing body
Plane, Patrick, issuing body
International Monetary Fund. African Department, issuing body
ISBN 1283563800
145521485X
1455284165
9781283563802
9781455214853
9781455284160